Shares of The9 Ltd. up 17% on earnings

BenCharny

SAN FRANCISCO (MarketWatch) -- Shares of The9 Ltd.
NCTY, +0.00%
an online game provider based in China, gained 17% by mid-day trading to touch $27.31. The day before, the company reported that a healthy gain in its customer base allowed third-quarter profit to rise to 64.3 million yuan or 2.61 yuan per American Depositary Share, from 37.7 million yuan, or 1.54 yuan per ADS, from a year ago. The9 also reported quarterly revenue rose to 245.8 million yuan from 194.5 million yuan in the prior year. Also Wednesday, The9 said Nancy Zhou will resign as vice president, operations, effective Friday, to pursue other personal interests.

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